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Government Set To Lease Another Nuclear-Powered Sub From Russia

Source: Economic Times

March 06 2019

India

The Indian government is set to sign an agreement with Russia later this week to lease another Akula-class nuclear attack submarine, reports the Economic Times (India).

The US$3 billion deal covers the 10-year lease of an Akula-class submarine and is anticipated to be signed on Thursday, sources told the newspaper.

The vessel, which will be designated Chakra III while in Indian navy service, will be fitted with Indian communications systems and sensors at a Russian shipyard before its delivery in 2025.

The project involves a mothballed Russian boat that was transported to Severodvinsk in 2014. It will be nearly a new vessel once refurbishment work is completed, said the sources.

This is the third Russian nuclear-powered sub leased by India. The first submarine, Chakra, was leased in 1988 for a three-year term. The Chakra II was leased in April 2012 for 10 years. That lease could be extended to 2027 until work is completed on the new submarine.

In February 2015, Prime Minister Narendra Modi approved an indigenous program for the construction of six nuclear-powered attack subs. The program was launched in December 2017, according to navy officials, although the remainder of the program timeline remains under wraps.

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